Our “vendetta” against Big Mike and futures.io

Recently, we have come across a post on EliteTrader.com  (see its screenshot below – click on it and other images to enlarge them) that concerns our blog.

elitetrader_mpdxc_post

Since this post  was written by a brazen shill of one Emmett Moore, a certified criminal who scammed many people in his previous career, ended up serving nearly 3 years in one of those highly guarded facilities, and now claims to be a reformed felon, it is not unreasonable to view it as not so thinly veiled an attempt at discrediting our blog by insinuating that we have some sort of vendetta against Big Mike (Michael Boulter) and his questionable forum, meaning that our motivation behind criticizing Big Mike’s business is tainted by hidden personal reasons.

Emmett Moore is an owner of a review site, which we intend to review among other major review sites focusing on the trading marketplace. Isn’t it telling that so many criminals are drawn to this marketplace? Telling also is that Emmett Moore has yet to review futures.io, which is a vendor site too, but have reviewed many smaller, less significant, and less dangerous players. Is he trying to justify this by suggesting that only those with some vendetta could possibly have an issue with Big Mike and his business?

And then, even more recently (see another image), we got asked by one of our Twitter followers what Big Mike had done to us, again intimating some personal reasons.

twitter_bm_insult_to_decency

We decided to respond to this in this article.

We have never been members of the Big Mike Trading forum (now futures.io) and have never dealt with him in any other manner. We have never met him either. We are not vendors nor brokers. We have no agenda except the one we outlined before (see this, for instance).

Our strong dislike, which we don’t hide one bit, for him and his business cannot thus possibly be interpreted as a vendetta against him (there’s just no reason for it) and cannot even be personal as usually understood. More precisely, our dislike is not primarily personal.

This dislike has mainly to do with the fact that Big Mike and his “forum” routinely violate the most fundamental and cherished values of modern liberal society: integrity, transparency, and freedom of expression.

Of these three, freedom of expression is of paramount importance as it underlies transparency and without transparency it is hard to imagine integrity too.

Yet, Big Mike has absolutely no respect for freedom of expression.

He once banned Roger Felton for expressing a negative opinion about Big Mike’s trading “erudition” (we used quotation marks here because the combination of “trading” and “erudition” is an oxymoron when it comes to Mike Boulter). This opinion was not even expressed on the Big Mike Trading forum, but in private via email to a third party who reported this to Big Mike, apparently trying to score more brownie points, a most favorite pursuit of many of Big Mike’s followers.

It goes without saying that acting that way Big Mike also showed how much respect he has for the privacy of Roger Felton’s correspondence; don’t be surprised that the user privacy on futures.io  really does not exist.

The way Michael Boulter treats freedom of speech is as un-American as it gets,  which probably also explains why he no longer even lives in the US but in Ecuador. Americans (see the next image via Twitter) still stand out when it comes to the appreciation of freedom of expression.

This dislike has also to do with the fact that futures.io is a blatantly criminal vendor enterprise (or a mafia type of enterprise serving the interest of a clique of vendors favored by Michael Boulter and often carrying water for him) and not really a trading forum.

We know of no other site, be it a site dedicated to trading or any other site except those blatantly criminal, that would be like futures.io. What’s worse even among those criminal, futures.io may stand out in its offensiveness.

And yes, our strong dislike for futures.io is personal too, as we alluded above, but mainly in that this bogus trading forum and his owner are an insult to our sense of decency, which we have also said in one of our tweets (see the second image above).

We do dislike Big Mike, and that’s certainly personal too, because he is a deceptive, manipulative man, and quite insecure too as you would expect a fraud who blew two of his trading accounts and decided to recoup his losses by peddling dreams to the masses of other losers to be.

He is a sociopath. You just can’t possibly like someone like that.

Here are just a few ways how futures.io has been criminally negligent if not deliberately criminal:
1. posts offered in bad faith, often not based in facts, whose main goal is to hurt someone’s business are not so uncommon in the review sections and are encouraged in more than one way (we could write a whole article about that) – that’s libelous and Michael Boulter has already been sued once for that and forced by the judge to remove offending pages.
2. since Michael Boulter is a vendor too and the forum attracts a large number of vendors, who (just like him) may hide being vendors, one can argue that the vendor review section that distinguishes itself by running hit jobs and being heavily manipulated attests to a criminal conspiracy between Big Mike, his anointed vendors, and other members of the forum (a conspiracy may only be implied to be litigated) – the vendors smeared there cannot easily respond to that because they can be banned if trying to.
3. to become a member of the Elite section of the forum you must pay $100, but you can be banned from it and all other sections of the forum for any reasons whatsoever – this is not just a very unfair deal, but simply a scam!
4. Michael Boulter tried to scam his followers by running a legal support fund after he got sued for promoting a smear against a futures broker –  it was a scam/fraud for he was asking for the money under a totally false pretense of defending freedom of speech while in reality he did not let the broker use the forum to respond to the smear!
5. it is known that futures.io has been used for peddling knockoffs of indicators (that’s the real unique selling proposition of the Elite membership), which amounts to facilitating the theft of intellectual property.
6.  if you are a vendor and want to make sure your indicators or their knockoffs are not being peddled on futures.io, you need to pay $100 to gain access to the Elite section of the forum, which amounts to extortion!

Futures.io is not just another dirty online business and another dirty vendor enterprise – it is criminally dirty and it is so by design.

Speaking of extortion again, Michael Boulter has been publicly accused of it by some trading room operator on Ripoff Report. What do you do if you are accused of something like that? You demand a retraction and apology or you sue unless you are guilty as charged in which case you hide.

What did Big Mike do? He decided to hide in Ecuador. Yep, that’s how big he is.

The fact the site we are discussing here has been hit with just one lawsuit may seem quite remarkable in light of what we wrote above. But keep in mind that only relatively big businesses can afford to launch a lawsuit. That’s why the Big Mike Trading forum has been sued by a relatively large futures brokerage and not by a vendor, even though this “forum” is particularly malicious towards vendors, usually smaller ones too, with whom it directly competes.

None of the points listed above could apply to EliteTrader.com forum and perhaps only one or two of them are pertinent to less respectable or less popular trading forums out there. That’s because these sites actually are forums and not criminal vendor outfits.

Not surprisingly, all large respectable trading forums are based in developed Western countries. Futures.io, however, is under the Panama City jurisdiction, its owner lives in Ecuador and pretends via his Twitter feed that he is operating out of the US. If you have to resort to this type of arrangement to run a business, your business simply cannot be trusted.

It is true that we have been dedicating a lot of time and space to Big Mike Trading forum (now futures.io)  and that may have given some people the impression that we are somehow obsessed with Big Mike and even have a vendetta against him.

But that in part is so because this phony trading forum run by a reckless moron who blew two of his trading accounts and then got sued is “a gift that keeps on giving,” to use a popular US catchphrase, in that its fraudulent nature is becoming more and more obvious with time.

We could be talking about other vendors here too, and occasionally we do, but the overwhelming majority of them are much less offensive, less dangerous, and less influential than Big Mike. Not to mention that picking on small players, many of whom are really ephemeral, is not just rather cheap and self-serving (in very much the same way all those “reviews” on futures.io are), but probably also not time best spent. And there are just too many of them.

We prefer to target bigger, more influential players who can do more damage to the masses of poor suckers pursing trading dreams and to the integrity of the trading marketplace.

In this very spirit, we have talked about vendor syndicates to which futures.io also belongs. We will continue this theme. We will also be talking about the vendors Big Mike promotes and about review sites many of which are very self-serving and often not exactly what they may appear to be. Again, futures.io is one of such sites too, so we cannot avoid mentioning it when discussing other such sites.

While we plan to talk about many other things in future, we will not avoid returning to futures.io  nor do we believe that we even should try to avoid doing so because that would mean self-censoring.

Finally, let us also note that the fact so many trading vendors (or brokers, for that matter) have chosen to use futures.io for self-promotion implies a disturbingly low level of integrity among a large number of vendors (brokers). It also implies short term thinking, quite typical of parasitic businesses. That’s certainly not a place to be seen. Do you really want to be associated with the likes of Harald Steinhaus, a perfidious German scumbag?

Michael Boulter, a pathological, manipulative liar whose site is much more criminally offensive than most trading sites out there is not just a bearer of standards for this industry of scam, but a paragon to emulate.

And that illustrates yet another reason why we have been focusing on the Big Mike Trading forum (futures.io) so much – it offers more insight into the widespread pathology of the trading marketplace than focusing on the random small fish.

So no, we don’t have a vendetta against Big Mike – that’s a take-home message to all who managed to read this article through. We suspect no devoted Big Mike fan is among them as their attention span can accommodate three paragraph “articles” at best and this article is much longer.

A shitload of indicators from futures.io

The biggest sham of a trading forum (in reality a mafia type of vendor enterprise), futures.io (formerly the Big Mike Trading forum) wants you to know that you can get 1500 indicators if you become a premium member of the said “forum.”

You can learn that from one of their latest tweets (see the image below via our tweet), apparently from Chicago, IL, so it must trusted, right?

Here’s a rhetorical question to Michael Boulter (the bozo in charge of futures.io) and the frauds who run (manipulate) that forum:

what’s the point of this shitload of indicators?

Other than to provide more distraction and keep the idiots coming for still more garbage of no or dubious value for trading?

And a related question:

what’s the point of all those webinars by people with no credibility as traders or even as ethical vendors?

Other than to keep idiots even more busy on the “forum” and to help them blow more trading accounts than Big Bozo himself who did it twice.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

Big Mike is no Hillary Clinton but …

(Nor is he Bill Clinton …)

But … he has quite a bit in common with her (or her husband).

Big Mike (Michael Boulter in real life currently hiding in Ecuador while pretending to be in Chicago, IL) is the founder of futures.io (previously Big Mike Trading forum), a questionable vendor enterprise under the cover of a trading forum. That’s in lieu of introduction for those new to our favorite douchebag and BS artist in the trading marketplace.

You will find more about him and his dubious trading forum in this category.

Unfortunately, what Big Mike and Hillary have in common makes her unpopular and untrustworthy with the American public.

How this affects his popularity is not easy to tell, but we believe it affects it negatively among the more intelligent, more educated Internet crowd and among those with higher professional or ethical standards.

Hillary is pretty lucky that her major opponent’s campaign strategy seems to try and offend as many people as possible in order to appeal to his base that apparently craves this type of shtick. He is the ultimate bad boy version of reality TV. They love this vacuous alpha male because he makes things so simple (easy to do if you are often clueless about them) and projects the image of a strong leader. Putin is using this shtick in Russia and Trump believes it’s working neglecting the fact that this has also made Russia a pariah among the democratic nations whose citizens still enjoy more (and greater) freedoms than poor Russians. And, let’s face it, Putin sounds like an intellectual compared to Trump and his macho image does not strike us as phony for the man is in very good shape and seems to be taking care of his body.

Let’s hope America does not lose its status in the world, if the Donald wins. But if Trump were more “presidential” or if she were running against a more conventional opponent, it is unlikely Hillary would be doing as well as she is.

Let us name just two things that contribute to Hillary’s unpopularity. In the context of Big Mike, we have mentioned them on this blog before.

One is not drawing a clear line between her charitable activity via her (and her husband’s) foundation and getting rich in the process using the same channels as for the charitable work. That has resulted in a round of  criticism after the recent Wikileaks disclosures (see the tweet below with a link to the Wall Street Journal where this issue is discussed).

If you want to know how Big Mike is mixing his charity events with business see this post.

See also the video below by The Young Turks, a popular liberal YouTube channel, which is devastating to Clintons. Yes, it’s a liberal channel, even very liberal.

Hillary supporters like to counter that Trump’s charitable foundation is not better. That may be true or not, but this does not excuse your candidate. Moreover, since Hillary is a lawyer, one should expect her to have a bit more respect for the law than the guy who comes across as a con man. And you expect to trust a public servant more than a businessman, because the former is paid by your tax money.

Speaking of con men (or con women) and similar specimens, they routinely abuse charities to enrich themselves directly or indirectly. There are many such specimens in the trading marketplace. Big Mike, however blatantly abusive  or “innovative” in this regard, is not a trailblazer. This has been going on for many years and it is no exaggeration to say that there is a plague of dubious charitable activities out there. We strongly advise that you take a contrarian view of anyone who tries to bamboozle you with his or her charitable activity in order to sell you something.

We may dedicate a special article to this very issue of “charity marketing” in future.  We have alluded to it in the previous article too.

And then there is the issue of paranoia and conspiracy which got her into serious trouble culminating in an FBI investigation related to the infamous private email server that was not exactly a kosher one. You expect someone in her position, then as Secretary of State, to have more appreciation for the national security, yet using an unauthorized server was a very dumb thing to do because of security issues this entails. If that were not enough, quite a number of emails from the server are missing having been deleted by her lawyers and we don’t know what they contain and what risk they may pose to the nation’s security.

This investigation remains open a week before the election day (at the time of this writing), having been just revisited, and projects negatively on both her image and her chances to win decidedly to claim a strong mandate. She may still win the electoral vote (and the election), but Trump may win the popularity contest claiming the majority of votes and making her presidency look weak, hence more vulnerable to attacks from the opposition.

Big Mike’s paranoia and penchant for conspiracy are totally off the charts.

This is the guy who can ban you from his “forum” for virtually anything, and even expunge your posts afterwards. This happened to one of our Twitter followers, David Cohen, and we know of at least one more person who experienced the same treatment. Big Mike even banned Roger Felton for what the latter had said about his trading “expertise” in a private email to a third party!  He can monitor your private messages on the forum, blatantly violating your privacy.

The guy’s paranoia is worse than Nixon’s!

He is a vendor who hides being one (and can ban you if you suggest he disclose that!), which coupled with the fact that he orchestrates hit jobs against his competitors (other vendors) is more than just a conspiracy. It is a criminal one.

Some people may believe that our “fascination” (for lack of better word) with Big Mike and our strong criticism of his sleazy, manipulative, fraudulent business is due to some personal reasons.

No, it’s not, and we will address this issue in a more extensive manner in one of our future articles.

It’s very much of the same kind as the American public distrust and criticism of Clintons that has a pretty long history.

Barack Obama is leaving his two terms without any personal scandal (at least we cannot think of one). Bill Clinton, while presiding over a booming economy, left behind a trail of sleaze that made him look pretty bad and his presidency pretty tarnished. And he seemed not to care one bit till the very end, as evidenced by his extremely controversial decision of pardoning Marc Rich that even Jimmy Carter found offensive (see this post which also shows that we do not talk only about Big Mike here).

Our issue with Big Mike is precisely of the same kind. Nothing else, nothing more. His is the most sleazy, manipulative, fraudulent vendor business we know of and since it’s also pretty influential, we focus on it more than on some small, usually ephemeral, vendor fish. Just as you would focus more on what a US president is doing rather than what a Joe Schmoe may be doing.

Finally, let us add that we are not partisans.

We are very much politically independent and our view of the 2016 presidential election is best expressed by the image in the tweet below (see also here). Unfortunately, that’s also a view of many people out there, including some of our Twitter followers (see this blog post or this tweet, for instance).

We don’t think that Trump is better, but in light of Clintons’ corruption he can hardly be considered worse in terms of trustworthiness, at least to his supporters for whom his habitual lying does not seem to be much of a problem. Moreover, Trump represents the mythical change in Washington, that distant cousin of pink unicorns, that Barack Obama promised and did not deliver, while Hillary Clinton is a status quo candidate. It’s unlikely that Trump will do better than Obama if elected, and may even turn out to be a spectacular failure, but many Americans think he should be given a chance. And that’s only fair.

But we still hope he will not win. Because we really want America to be greater than Russia. It already is, but with Trump in the office, this can’t be taken for granted. It would be painful to watch Putin kicking Trump’s ass in Twitter wars.

What’s worse Putin may do this without firing a single tweet, by simply totally ignoring Trump’s tweets causing the Donald to self-destruct!

Of course, now with Big Mike living in Ecuador, America may no longer be considered greater than Ecuador, but we just have to accept it.

Disclaimer. This post should not be viewed as an endorsement of any US presidential candidate, but it may be viewed as a comment on the US presidential elections this time around. We suggest that you vote your conscience.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

Timothy Sykes versus Michael Boulter of futures.io – and a question to make you enlightened in a jiffy

We don’t know much about Timothy Sykes, because we just don’t happen to be his biggest fans, but we have done our research and it does appear that he is a very successful trader who trades penny stocks.

Penny stocks are not exactly the best trading instrument, usually and perhaps for good reasons dismissed as only for suckers. They can be quite risky, but then again trading futures or currencies can be very risky too, perhaps even more so if you consider the leverage involved.

Not only does Timothy Sykes appear to be a successful trader who made his first million in stocks while still being a college kid starting with about 10 grand, but he has been able to parlay this success into an educational business venture of some renown.

He also claims that 4 (as of 2015) out of the thousands of his students have made a million dollars or more using his trading methods. Each of them,  not combined, to be precise.

We estimate that he has had fewer than 10,000 students so far, perhaps even fewer than 5,000.

While he may be lying about it, he is most likely not, and for the purpose of this article, which is only trying to make some point, we assume he is telling the truth. We have not verified this assumption, but it does not seem to be particularly outlandish.

Out of thousands of people, some are bound to become extraordinarily successful unless they use poor trading methods, but that’s not the case here (see the next paragraph). This is to be expected if only due to the effect of fluctuations in a large sample; it would be stranger if no one repeated his success. Of course, that does not imply that most of his students will be so successful and it is probably fair to say that the majority of them are not successful at all. In fact, most people never succeed at anything enough to become wealthy.

Here’s a review of Timothy Sykes’ trading system by one of his former critics who has found his system helpful and has done very well using it.

Timothy Sykes seems to be a generous man who often gives to charities or gives money to those in need. While we are not particularly impressed by those who brag about being generous and even less so if they use that for marketing purposes,  we note it for the sake of making a point in what follows. But, to be fair, he seems to be making a real difference in the lives of other people and not merely excelling at “charity marketing” that has become quite popular among trading BS artists, and which we find pretty offensive.

Timothy Sykes’ marketing methods, his appeals to expensive fancy cars, in particular, are not much to our liking, if only because they have the bad reputation of being associated with get-quick-rich schemes. However, there is nothing fraudulent about it if you actually own one of such cars thanks to your trading profits, and it is only fair to say that is the case with Timothy Sykes.

You can learn more about Timothy Sykes from this video showing his interview with Larry King, a popular US media personality, where he mentions his 4 millionaires.

Big Mike (Michael Boulter in real life currently hiding in Ecuador while pretending to be in Chicago, IL) is the founder of futures.io (previously Big Mike Trading forum), which pretends to be a trading forum, while actually is a mafia type of vendor enterprise.

Unlike Timothy Sykes, Michael Boulter is a pitiful trading loser who blew two of his trading accounts. His charity “work” is very questionable as it often boils down to mooching money off of his forum members  to fund his pet projects. Yet he likes to brag about it and uses it for marketing purposes too, just like Timothy Sykes, except that he has very little to show for it just as he has nothing to show for being a trader.

Big Mike claims that his forum has over 85,000 members, tens of thousands  more than Timothy Sykes has had students so far. He also claims it to be the best trading community on the planet. We kid you not (see our previous posts)!

Michael Boulter, in our opinion, is the most transparent fraud with a considerable following in the trading marketplace, which makes him rather dangerous, and not only because he is a vendor who peddles silly indicators often of dubious origin or value. That actually pales in comparison to being accused of extortion (see our previous posts)!

Timothy Sykes, on the other hand, may actually have something to offer: he sells his own work and not some garbage indicators you can have for free. Oddly enough, it is he who seems to have more detractors online.

Big Mike is sometimes even mentioned as a positive figure who has helped some, though we believe he has mostly helped them get hooked on trading hoping not to go down as the last moron who has blown two trading accounts.

The only site that consistently and systematically exposes him as a fraud is this blog – yet we may sometimes be suspected of having ulterior motives for doing so,  the issue we plan to address extensively in a separate article.

Here comes a question, the main point of this article:

where are Big Mike’s millionaires?!

The millionaires he created, that is. The answer is: they don’t exist. Simple as that.

You cannot create millionaires, let alone successful traders at all, if you are a stinking loser and your site focuses on peddling garbage indicators and attacking your competitors (vendors) or brokers who refuse to kiss your ass via hit jobs masquerading as reviews.

That’s a very negative business model, reflective of self-destructive tendencies, so no wonder that the safest place for it is Ecuador plus Panama (one country is apparently not enough), but not the good old USA. Timothy Sykes, for comparison, lives in the US, in Miami and Beverly Hills (or claimed to live there in 2015), not exactly bad places to live or work in.

Yes, Big Mike is a total fraud. Timothy Sykes may have something to offer, but it is ultimately up to you to decide if that is the case or if it fits your trading style.

Because of his program popularity, the odds you will become another of his millionaire traders are now (probably much) smaller than before, and they never were that good, anyway, but that does not negate the fact that some of his students have become millionaires. We suspect that he is now making most of his living through the marketing of his trading methods, but that still does not change the main point of our article.

We have not done any business with Timothy Sykes nor do we plan to. In particular, we are not his affiliates. Do not mistake this article for “an infomercial” for his business, but do not fall for everything his detractors say either. There are people out there trying to make a career (and money) out of bashing successful folks, Michael Boulter’s “forum” being the sleaziest player in this dubious business. Some of these people are either stupid or outright frauds, though some may just have wrong ideas about trading. We make no money off of our blog nor do we intend to.

Disclaimer. We do not endorse or recommend any trading vendor or educator that we may mention here favorably. We primarily do this for the sake of comparison or making a point or we may use them as an example of what we find positive in the trading marketplace. That does not constitute an endorsement or recommendation and you should always do your due diligence before doing business with any of them.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

More deception from futures.io and its boss

The Bozo in Chief of the already most deceptive of all “trading” “forums” out there that we are familiar with, Michael Boulter (aka Big Mike), just can’t stop being even more deceptive.

Imagine that he is now insinuating that he (or his dubious business) is based in Chicago, IL. That’s what his Twitter feed is implying (see the image below).

twitter_futuresio_oct_2016

In reality, futures.io (formerly the Big Mike Trading forum) is now legally operating out of Panama as we reported not long ago (see the next image) and its owner lives in Ecuador (see yet another image).

futuresio_panama_city_oct-2016

big_mike_about_oct_2016

All these screenshots were taken on the same day in October 2016. You want to see what his Twitter front page looked like before? Here’s another picture, a few months older (from February 2016) than the first one above.

twitter_futuresio_feb_2016

Once a BS artist, always a BS artist. Sociopaths don’t change. They can’t.

Of course, being based in Chicago, one of the futures world centers, sounds more glamorous than being based in some Ecuadorian shit hole (no offense to shit holes or Ecuadorians ) or operating one’s sham business out of a banana republic of sorts.  Not to mention that it grants some legitimacy that hiding in Ecuador never will.

The reality, however, is that Michael Boulter just does not feel comfortably enough in the good old USA. Being accused of extortion, having been sued for libel (and forced by the judge to remove the offensive pages) simply don’t help.

That’s too bad indeed because even sexual predators with tiny hands are doing very well in this great country of ours.  At least one of them.

However, it’s one thing to be an occasional pussy grabber and another to be running a full-time sham  business, even criminal in some aspects, under the pretense of a trading forum.

trump_pussy_grabber

And, of course, in the good old USA, pussies are allowed to grab back (the image below after http://www.theguardian.com).

trump_pussies_grab_back

Good luck with that on futures.io. You may be banned from there for merely being a pussy, but never for being a full-blown dickhead.

Had Michael Boulter actually cared about his “forum” respectability he would have exchanged his dickheads for deplorables in a New York second. There may, however, be a slight problem with that: there just aren’t enough deplorables in the world to replace all the dickheads hanging out on that “trading” “forum” of his. Yes, Hillary, you should have targeted Big Mike’s dickheads, babe.

Disclaimer. This post should not be viewed as an endorsement of any US presidential candidate, but it may be viewed as a comment on the US presidential elections this time around. Yes, the Big Mike Trading forum (currently futures.io) got there first, but you can always count on the US politicians and their base to catch up with the most idiotic, fraudulent forms of entertainment whose real goal is always the same: making you dumber than you were yesterday and even dumber than you thought you could be.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

Futures.io’s privacy sham

Recently, we were alerted by one of our blog readers to yet another example of blatant shenanigans on the futures.io so-called trading forum, which in reality is a deceptive and criminally negligent vendor business operating behind a facade of a trading forum and targeting the biggest section of every society on the face of planet Earth, and especially so in America, that of idiots and losers.

That this can be quite a profitable business goes without saying. That it can be abusive goes without saying too. After all, who really respects idiots or losers or cares about them? Pretty much no one, including idiots and losers if they can recognize themselves in the mirror. To be frank, we don’t either, except that we also don’t take advantage of them unlike Mikey Big and his ilk. We even try to help them, with predictable results, but at least we are having some positive impact on those a bit smarter or successful, or so we hope.

The shenanigans in questions are not new for we heard about them a few years ago on the EliteTrader.com forum. It’s an old shtick, really, by the measures of futures.io, formerly the Big Mike Trading forum, the same old pattern of abusing the privacy of people using the PM function of the forum in question.

As we learned years ago, Big Mike (Michael Boulter, the criminal in charge of that forum for dipshits and losers) reserves himself the “right” to monitor private messaging of the forum members, especially those he does not completely trust. Of course, this “right” is not disclosed, but, then again, neither is the fact that he is a vendor. It’s not like you can really expect transparency from a pathological liar.

The person that alerted us about this abuse of privacy did so via Twitter’s DM (see the image below that for the sake of privacy hides that person’s Twitter handle).

Here’s what he says in his last direct message (DM):

“Also- When the poster on page 7 was banned for expressing his opinion- all members who communicated with this person via Private Message within BMT were also quietly banned- Indicating to me that Mikey monitors personal private messages especially when members do not agree with his flawed views.”

michael_boulter_futuresio_privacy_shamWell, as they say, the more things change, the more they stay the same. Michael Boulter changed the name of his “forum” from Big Mike Trading to futures.io since the previous name became synonymous with sham, scam, fraud, you name it. Yet, as you would expect from an incorrigible sociopath, his ways of running the “new” “forum” are still the same.

Perhaps it’s not surprising at all that he resorts to monitoring the private discussions of his followers. He is a profoundly insecure loser, running a legally questionable operation, so questionable that he had to move it from Texas to a borderline banana republic of Panama in order to avoid further conflicts with the US law.

But that obviously does not make it right. You have the right to privacy and what he is doing may and should have legal ramifications. Of course, now that he operates his sham business from Panama, he may be even more impudent at violating your rights, which, if you are smart, should be one more reason to boycott his business.

As well as a good reason to keep talking about this and similar shenanigans of his in public. Even more than before. EliteTrader.com is a good place for that. Better than most.

Let us mention once more what we did here on many past occasions, and in this article in particular. Namely, that no other trading forum is as questionable, as blatantly violating social norms we are accustomed to in the West, as futures.io.

While other trading forums may not be better and most of them suck rather badly too, no other trading forum, to the best of our knowledge, has ever been accused of violating the privacy of its members. The only forum we did hear reports of this nature about is futures.io.

For another sham by the same operator check out our previous article.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.

Big Mike’s charity sham

Shortly before last Christmas, Big Mike (Michael Boulter, the fraud in charge of a vendor syndicate masquerading as a trading forum known officially as futures.io or futuresio, formerly the Big Mike Trading forum) decided to organize another charitable action.

This time with some orphans in Ecuador in mind, though those could as well be expensive whores because how can you really be sure how the money he raised was spent. It’s not like a guy with a reputation of a pathological liar can be trusted.

Ecuador is the country where he is now hiding, and where, as we predict, he will be seeking a citizenship status, so that he could never be held accountable for his dubious business practices in the US; Ecuador is not that quick to extradite its citizens. In the US, anyone could sue this guy rather easily, but most people either have not enough time for that or know too well that ultimately it is the lawyers that win.

Still, sued he got, so a precedent has been made and the next case would be more damning for proving a certain pattern of, at the very least, a criminally negligent behavior.

Let us look more closely into Mike Boulter charitable actions scheme because that’s what it really is: a scheme or a recurring gimmick designed to make him look larger than he really is, to manipulate the poor suckers who follow him by appealing to their positive emotions (empathy) and to test the waters time and again to see how many of them still can be conned.

For starters, that’s still the same guy who charges his followers for free indicators, so if you think that this guy has a charitable bone in his body, you are seriously delusional.

Two, no other trading forum does that and hardly any other trading vendor either. Except, of course, those very few who blatantly use it for self-promotion, which is cheap if not disgusting. Those may also like to use religion for the same purpose, as a gimmick to convince their prospective or actual clients that they are somehow better, more trustworthy, more spiritual, or, at least, more deserving of attention. Heck, if they believe in God, how can you possibly not believe them!?

Here’s our truly spiritual advice: avoid businesses and people like that at all costs.

There’s nothing wrong at all about giving to charity, but doing so through a business of a dubious reputation is a bad idea, to say the least. Do it on your own, don’t let anyone exploit your kindness for their own purposes.

Three, and most importantly, this particular charitable action was only for those who are the members of the elite club of imbeciles (see the Twitter image attesting to this below) who paid for the free indicators. In other words, in order to even contribute to this effort, quite noble in principle, you would have to pay $100 first!

futuresio_sham_charity_1Now, if you really wanted to help those poor orphans in Ecuador, would you force people to pay a rather steep charity admission fee first?

That makes no sense at all, unless your goal is not really to help the poor children, but to enrich yourself! To do this via a charitable action is morally disgusting! To do this in the name of orphans is even more, and to do this as a Christmas charity must be offensive to every Christian! If he did it to Muslims, he would now be another Salman Rushdie sans the brains and decency.

We don’t know if there are any laws that prevent this type of “charitable” actions, but we believe that there should be. That smacks of fraud!

Was that Christmas charity initiative of futures.io a success?

Hardly so, to put it rather mildly. Not many, save for totally delusional that you can find anywhere and especially on the forum in question, responded to it. The total collected before Christmas and proudly announced on Twitter was a “staggering” 1364 dollars (see the image below), which, considering that the forum boasted of about 75,000 members back then (with probably at least 50,000 being members of its “elite” part) amounts to less than a dime per head. Wow!
futuresio_sham_charity_2A good trader can make that much (or more) in one good day (check out Dr. Puszkarz’s Twitter feed for evidence of that), and if Big Bozo were as good a trader as he seems to be pretending to be these days (we don’t believe one bit of it and we doubt he even trades at all now that he is far away from the US shores), he would have easily eclipsed this puny amount with his own generous contribution.

Well, he didn’t because generous he is not, and he can’t even fake it! On the contrary, he is disgustingly greedy. An honorable, wealthy person would have never asked for any donations for his or her charitable pet cause unless they would be willing to match each and every of these donations, in the first place.

And if the forum had any profitable traders, this sum would have been much bigger too. That means that either it doesn’t or they simply don’t trust Big Bozo. So much about self-promotion. Looks like it backfired totally. The number of suckers Big Bozo can take for granted appears to be getting smaller and smaller with each of his “charity” events. Even the Christmas one was a failure.

Expect the loser to re-invent the game again, just like he attempted to re-invent his “forum” by changing its name from the one synonymous with fraud to something that may or may not have anything in common with futures; we are certain it has nothing to do with trading them.

Our opinion about the kind of charitable actions that Michael Boulter has been engaging in to boost the morale of his delusional troops and portray himself as a caring man is not different from the opinion of the majority of folks. Not that it matters because we like to be contrarian, but in this case, judging by this article, we are hardly in the minority.

That in turn suggests that either Michael Boulter is totally out of touch with reality or he simply does not care. Well, it is most likely the latter. He doesn’t care because he doesn’t have to. His troops are carefully selected. Only the dumbest and the most obedient are allowed to stay on his forum and bask in the limelight of the “enlightened” ones like Michael Boulter or Harald Steinhaus or others of the same ilk.

Anybody with a feeblest capacity for independent thinking has to go, as evidenced, for instance, by how David Cohen was treated there the moment he found Big Bozo’s actions too reprehensible to keep quiet about it (see this tweet).

It’s a forum for people who believe that Michael Boulter cannot possibly do anything wrong, even though he is the most blatantly transparent fraud in the trading marketplace these days. He is so bad that he had to emigrate from America, the country where illegals roam free, and establish his business in a borderline banana republic of Panama.

The Big Mike Trading Forum mentioned or discussed here is now futuresio or futures.io. But it is still the same sham as before for the reasons mentioned here and in other posts on this blog. Read more about it in the first article dedicated specifically to Michael Boulter’s latest fraudulent reinvention.